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Insurance broker Hilb Rogal & Hobbs Company said it has signed a definitive agreement to acquire Banc of America Corporate Insurance Agency, L.L.C (BACIA). A dollar figure for the transaction was not disclosed.

BACIA is a subsidiary of Bank of America, headquartered in Charlotte, N.C., and has substantial middle-market brokerage business in the northeastern United States, the Richmond, Va.-based broker said.

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